Building Energy Management System (BEMS) is expected to grow swiftly
and would drive the market significantly by the year 2020. In certain
economies likeEurope, government provides support and subsidies to
encourage adoption of Home Energy Management System (HEMS), hence its
demand is expected grow, thereby contributing to the total market size.

Among all types of EMS which include HEMS, BEMS, Industrial Energy
Management System (IEMS), the adoption of BEMS is expected to increase
rapidly due to its varied application in verticals namely, Healthcare,
Telecom and IT, Educational institutions and Universities and Commercial
building like shopping malls, offices etc. Presently, IEMS is the
largest revenue generating segment of the EMS market and would continue
to be the same by 2020, given its high product, installation and
maintenance cost. The incorporation of big data and analytics has opened
scope of technological advancements in better management and allocation
of energy. This has transformed the market and is expected to be a
crucial component of EMS in the coming years.

Global market for EMS would grow due to increased adoption across
key sectors such as Power and Energy, Manufacturing, Telecom and IT,
Healthcare and Commercial Enterprises during the forecast period (2014 –
2020)

IEMS would grow at the fastest CAGR during 2014-2020, contributing over half of the total market revenue by 2020

The need for energy efficiency and government regulations would continue to drive the global EMS market over the analysis period

Rapid growth is expected in the BEMS market, as the implementation
of smart technologies and new business models by the existing as well as
emerging participants is prevalent

Asia-Pacificis forecasted to be one of the most lucrative markets, in terms of growth given the economy is evolving rapidly

The market growth is attributed to innovation in Energy management
and monitoring along with rising demand from manufacturing sector, power
and energy and enterprises.

In order to gain a higher market share, in addition to the production
launches, the companies are adopting acquisition/ partnership as key
strategies. Companies such as Schneider, GridPoint and Elster etc. have
collaborated with different industry experts to get access to the market
as well as technologies of each other. Prominent companies profiled in
the report include Schneider Electric, Siemens AG, Honeywell
International, Inc., Elster Energy, Johnson controls, Inc., Gridpoint,
Inc., C3 Energy and GE.